What drove CCS's surprising EPS growth in Q1 2024?

Century Communities' (CCS) impressive EPS growth in Q1 2024 can be attributed to several key factors: 1. **Higher Deliveries and Revenue**: Century Communities experienced a significant increase in home deliveries, which directly impacted its revenue and profitability. The company reported a 26% year-over-year increase in revenue for the quarter, reaching $948.5 million, surpassing analyst estimates. This growth in revenue is a result of higher deliveries, which in turn contributed to the higher EPS. 2. **Cost Management**: The company's ability to manage costs effectively likely played a role in its EPS growth. While specific cost data is not available, it is common for companies to leverage cost efficiencies to enhance profitability when revenue growth is achieved. In summary, Century Communities' EPS growth in Q1 2024 was primarily driven by higher deliveries and revenue, along with effective cost management. These factors collectively contributed to the company's strong financial performance and exceeded market expectations.